Notice of 3 Consecutive Years' Losses::NOTICE OF 3 CONSECUTIVE YEARS' LOSSES
Issuer & Securities
SWEE HONG LIMITED
SWEE HONG LIMITED - SG2E77981776 - QF6
Notice of 3 Consecutive Years' Losses
Date &Time of Broadcast
Announcement Sub Title
NOTICE OF 3 CONSECUTIVE YEARS' LOSSES
Submitted By (Co./ Ind. Name)
TAN SWEE GEK
Description (Please provide a detailed description of the event in the box below)
*Trading in the shares of the Company was suspended from 11 February 2015 till 21 August 2016 (both dates inclusive). As such information regarding the latest 6-month average daily market capitalisation is not available and the information indicated in the row "Latest 6-month average daily market capitalisation" instead refers to the average daily market capitalisation for the period 24 August 2016 till 30 August 2016 (no transactions in the shares of the Company were recorded on 22 and 23 August 2016).
Please refer to the additional details below.
SWEE HONG LIMITED hereby gives notice that:
(i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and
(ii) its latest 6-month average daily market capitalisation as at (a) is (b)
b) Latest 6-month average daily market capitalisation
The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records:
pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts); and an average daily market capitalisation of less than S$40 million over the last 6 months.
Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list.